EV’s Moving, Retail Facial Recognition, Hitting 8 Billion People

The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier

• EV Headlines:
  • GM CEO Mary Barra plans to tell investors that their fledgling EV business will sell 1M EVs and be profitable by 2025 at the company’s investor day this Thursday according to Bloomberg
    • Margins will be lower than ICE vehicles as volume efficiencies build
    • Morningstar Inc. analyst David Whiston said, ““GM won’t sell at the prices of Teslas, so maybe they won’t match the profits, but they should be able to show good margins. If Tesla can do it, there’s no reason GM, Ford and others can’t do it. They’re just behind on product lineup and manufacturing.”
  • Vietnamese EV maker, VinFast may be planning an US IPO as soon as January according to sources familiar with the matter.
    • Discreetly applied for an IPO in April of this year
    • Backed by Vietnam’s richest man, the company has already secured $1.2B in incentives for its EV factory in North Carolina, and intends to start production in 2024
    • In July that it had signed agreements with banks to raise at least $4 billion to for it’s US expansion and has about 73,000 global reservations for its EVs
  • Amazon is taking some heat for selling mod kits for eclectic bikes and scooters that unlock increased speed.
    • The process known as ‘chipping’ trick the device into thinking the vehicle is only going 15 mph while it could be going more than twice that
    • This is a bigger problem in europe where police aren’t savvy enough to recognize the nuanced differences yet
      
      
• Shopping is a getting a lot more personal as retailers begin to use facial recognition to reorganize layouts and inform marketing
  • This shift would allow retailers to move from passive reaction to shopping behavior based on sales to a more active approach to in store behaviors
  • Behaviors such as response to product packaging, time spent in sections, and how customers move around stores are able to be watched
  • There are still privacy concerns due to the amount of personal data collection required without consent to understand this type of shopping behavior.
    
    
• Sometime today, the world’s population is expected to reach 8 billion people according to projections from the United Nations with 8.5B expected by 2030 due to
  • Life expectancy is also up 9 years from 1990 to 2019 when it reached 72.8 yrs but dropped to 71 in 2022
  • The fertility rate is down to 2.3 births per woman from 5 in the 1950s. 2.1 is the level needed to sustain population
  • Over the next decades, the UN forecasts that the main driver of population growth in wealthy countries is immigration

Hosts: Paul J Daly and Kyle Mountsier
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